Together, the companies will add race, ethnicity and language information as well as social determinants of health factors to a database of millions of Blues plan members. The insights gleaned will be used to design interventions and develop community partnerships to reduce disparities in care.
Last year, health insurer Blue Cross Blue Shield Association spun off its data intelligence entity, known as Blue Health Intelligence. This year, the separate company is looking to raise $13.1 million. Blue Health Intelligence — referred to as Health Intelligence Company LLC in regulatory filings — aggregates de-identified, claims-based data from more than 110 million […]
The home care industry is booming. As Baby Boomers age and more families seek in-home solutions for loved ones, demand for home care services is at an all-time high.
Among the life science current events from last week: a Blue Cross Blue Shield spinoff, predictions on the changes in 510(k) regulations, Cleveland Clinic increases its interest in personalized medicine, and Cleveland's medical mart unveils its early tenants.
Health insurance companies have increasingly relied on data-driven decision-making based on claims data. Blue Health Intelligence, a data analysis business for Blue Cross and Blue Shield Plans, was created to help members as healthcare shifted to an evidence-based, decision-making model. BCBS will spin off the service into its own company and has sent aside $28 million for the shift.